Olympiad Research LP Sells 1,335 Shares of Nova Ltd. (NASDAQ:NVMI)

Olympiad Research LP reduced its position in shares of Nova Ltd. (NASDAQ:NVMI) by 45.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,627 shares of the semiconductor company’s stock after selling 1,335 shares during the quarter. Olympiad Research LP’s holdings in Nova were worth $320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Nova by 6.1% during the 4th quarter. Blue Trust Inc. now owns 1,275 shares of the semiconductor company’s stock worth $251,000 after purchasing an additional 73 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Nova by 89.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Quarry LP grew its position in shares of Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after buying an additional 114 shares during the period. Morse Asset Management Inc grew its position in shares of Nova by 3.2% during the 3rd quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company’s stock worth $840,000 after buying an additional 125 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Nova by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 7,753 shares of the semiconductor company’s stock worth $1,527,000 after buying an additional 149 shares during the period. 82.99% of the stock is owned by institutional investors.

Nova Stock Performance

Shares of NVMI opened at $268.83 on Friday. The stock has a 50 day simple moving average of $230.97 and a 200 day simple moving average of $210.65. Nova Ltd. has a 52-week low of $158.00 and a 52-week high of $289.90. The firm has a market capitalization of $7.81 billion, a PE ratio of 46.83, a P/E/G ratio of 2.55 and a beta of 1.44.

Nova (NASDAQ:NVMI) last issued its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.04). Nova had a net margin of 27.33% and a return on equity of 22.33%. The business had revenue of $194.77 million during the quarter, compared to analyst estimates of $186.50 million. Equities research analysts predict that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NVMI shares. Needham & Company LLC restated a “hold” rating on shares of Nova in a research report on Friday, February 14th. Benchmark boosted their target price on Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald started coverage on Nova in a research report on Monday, January 13th. They set an “overweight” rating and a $275.00 target price for the company. Finally, Citigroup upgraded Nova from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Nova has a consensus rating of “Moderate Buy” and a consensus price target of $246.67.

Nova Profile

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.